Audi: ex-boss at large again
ABGAS CASE After four months in custody, former Audi boss Rupert Stadler is free. The Munich Higher Regional Court suspended the arrest warrant subject to conditions. However, the suspicion of fraud in connection with the emissions scandal still exists, the court announced. The Higher Regional Court continues to assume that there is an urgent suspicion of the crime and still sees a risk of concealment. Under the [...]
However, the suspicion of fraud in connection with the emissions affair still exists, the court announced. The Higher Regional Court continues to assume that there is strong suspicion of the crime and still sees a risk of concealment. However, the senate suspended the arrest warrant on the condition that all contact "with all persons relevant to the investigation proceedings" be avoided and that bail be paid.
Board Member for Sales Bram Schot heads Audi
The 55-year-old was arrested in Ingolstadt on June 18, 2018 on suspicion of fraud and risk of conspiracy and was held in Augsburg-Gablingen prison. Following his arrest, the supervisory boards of VW and Audi released him from his duties as a member of the VW Board of Management and Audi CEO "until the facts that led to his arrest have been clarified". Since then, Audi Board Member for Sales Bram Schot has headed the company as acting CEO.
